ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.052%

Price spread now: Hyperliquid against Coinbase International+0.119%7-day average −0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$480.480% of the position

Long on Coinbase International Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.213%−$21 on $10k

Price spread, last 3 days (all we have)−0.167%−$17 · spread now +0.119%, 7d avg −0.062%

Together, before fees−0.380%+ Points / potential airdropHyperliquid: Season 2 · farm board−$38 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.182% dearer against Coinbase International than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ENA-PERP-INTX	0.2094	0.0576	pay 0.0072% / 1h	56m 12s	$801K	$2.1M	50x
Short	Hyperliquid ENA	0.2097	0.0568	get 0.0071% / 1h	56m 12s	$110.5M	$80.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HyperliquidbpOrdersPrice spread, now +0.119%Rate

Funding earned: −$1.76
Price spread: +0.119% → −0.062%: $18.18
Slippage, 4 orders: −$29.04
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$31.62
Costs to cover: 0.480%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Hyperliquid: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 3 min ago	9.81 bp	18.3 bp −$18	25.0 bp −$250	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	1.20 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit

ENA on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ENA_USDC	−0.0078%	4h	0.2095	+0.057%	$40K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2097	+0.115%	$93K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2096	+0.066%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.389%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0064%	1h	0.2094	+0.005%	$4K	$432	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2097	+0.108%	$2.6M	$5.6M	50x	as long as short
Phoenix ENA	+0.0076%	1h	0.2089	−0.258%	$5K	$356K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2094	−0.014%	$60K	$538K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2097	+0.108%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2095	+0.021%	$657K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2096	+0.081%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2096	+0.094%	$405K	$587K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2096	+0.068%	$128.9M	$464.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2095	+0.019%	$87.1M	$193.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2095	+0.048%	$20.2M	$113.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2085	−0.458%	$20K	$412K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2097	+0.129%	$82K	$223K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2095	+0.038%	$10.4M	$21.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2095	+0.033%	$45.2M	$46.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2096	+0.067%	$23.9M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2094	−0.033%	$47.4M	$65.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2095	+0.043%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2097	+0.105%	$362K	$487K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2082	−0.584%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2084	−0.478%	$248K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2082	−0.583%	$352K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2082	−0.587%	$31K	$712K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2095	+0.043%	$190K	$2.8M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2044	−2.392%	$1K	$813K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2096	+0.081%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	+0.224%	$272K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2095	+0.033%	$1.9M	$9.2M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2083	−0.517%	$88K	$2K	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2096	+0.081%	$77K	$11K	3x	as long as short
Extended ENA-USD	+0.0200%	1h	0.2095	+0.051%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0216% / S −0.0165%	1h	0.2096	+0.078%	$50K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2090	−0.210%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2094	−0.019%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0560%	1h	0.2098	+0.181%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENAshort	+0.0568%	1h	0.2097	+0.119%	$110.5M	$80.3M	10x
Coinbase International ENA-PERP-INTXlong	+0.0576%	1h	0.2094	long leg	$801K	$2.1M	50x
dYdX ENA-USD	+0.1966%	1h	0.2096	+0.086%	$138K	$15K	5x	as long as short